State Program Performance Data

Monthly State Program Performance Data & Trends

California

Key Program Metrics Snapshot
(as of November 30, 2021)

Program Performance Indicators, Monthly Percent Change
(as of November 30, 2021)

	10/31/21	11/30/21	Percent Change 10/31/21-11/30/21
Total Assets	$144,760,876	$154,303,495	6.6%
Total Funded Accounts	201,492	209,033	3.7%
Total Withdrawals	$15,665,723	$18,105,870	15.6%
Accounts with Withdrawals	28,702	30,968	7.9%
Average Deferral Rate	5.02%	5.02%
Average Monthly Contribution Amount	$138	$147	6.8%
Average Funded Account Balance	$718	$738	2.7%
Effective Opt Out Rates	29.60%	29.79%
Total Registered Employers	17,025	21,191	24.5%
Total Added Employee Data	11,020	12,897	17.0%
Total Submitting Payroll Deductions	6,277	6,566	4.6%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers.

Illinois

Key Program Metrics Snapshot
(as of November 30, 2021)

Program Performance Indicators, Monthly Percent Change
(as of November 30, 2021)

	10/31/21	11/30/21	Percent Change 10/31/21-11/30/21
Total Assets	$79,518,810	$80,099,527	0.7%
Total Funded Accounts	95,717	97,163	1.5%
Total Withdrawals	$13,477,812	$14,586,379	8.2%
Accounts with Withdrawals	19,449	20,209	3.9%
Average Deferral Rate	5.04%	5.05%
Average Monthly Contribution Amount	$110.68	$116.50	5.2%
Average Funded Account Balance	$830.77	$824.38	-0.78%
Effective Opt Out Rates	33.54%	33.52%
Total Registered Employers	6,296	6,386	1.4%
Total Added Employee Data	4,185	4,258	1.7%
Total Submitting Payroll Deductions	2,886	2,925	1.4%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from IL Secure Choice.

Oregon

Key Program Metrics Snapshot
(as of October 31, 2021)

Program Performance Indicators, Monthly Percent Change
(as of October 31, 2021)

	9/30/21	10/31/21	Percent Change 9/30/21-10/31/21
Total Assets	$133,535,002	$140,695,842	5.4%
Total Funded Accounts	112,674	112,424	-.22%
Total Withdrawals	$33,942,132	$36,076,117	6.3%
Accounts with Withdrawals	26,496	27,475	3.7%
Average Deferral Rate	5.5%	5.5%
Average Monthly Contribution Amount	$143	$131	-8.4%
Average Funded Account Balance	$1,185	$1,251	5.6%
Effective Opt Out Rates	32.0%	31.9%
Total Registered Employers	17,021	17,012	-.05%
Total Added Employee Data	14,889	14,889	0%
Total Submitting Payroll Deductions	7,677	7,691	.18%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from OregonSaves.

Monthly Cumulative State Program Performance Metrics (CA, IL, and OR)

Key Program Metrics Snapshot (CA, IL and OR)
(as of October 31, 2021)

Program Performance Indicators
Monthly Percent Change
(as of October 31, 2021)

	9/30/21	10/31/21	Percent Change 9/30/21-10/31/21
Total Assets	$333,363,377	$364,975,528	9.5%
Total Funded Accounts	400,622	409,633	2.2%
Total Registered Employers	37,612	40,333	7.2%
Total Added Employee Data	29,192	30,094	3.1%
Total Submitting Payroll Deductions	16,474	16,854	2.3%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves.

Massachusetts
Key Program Metrics Snapshot

Washington
Key Program Metrics Snapshot

Quarterly State Program Performance Data & Trends

California

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	9/30/20	3/31/21	Percent Change 9/30/20-3/31/21	6/30/21	9/30/21	Percent Change 6/30/21-9/30/21	Percent Change 9/30/20-9/30/21
Total Assets	$11,026,726	$54,756,572	396.58%	$90,144,631	$126,145,383	39.9%	1,044.0%
Total Funded Accounts	27,544	128,818	367.68%	158,335	193,622	22.29%	603.0%
Total Withdrawals	$955,143	$4,920,093	415.12%	$8,681,689	$13,720,246	58.04%	1,336.46%
Accounts with Withdrawals	2,656	14,190	434.26%	20,419	26,579	30.12%	900.71%
Average Deferral Rate	5.03%	5.11%		5.09%	5.02%
Average Monthly Contribution Amount	$126.48	$135.17	6.87%	$142.73	$143	0.19%	13.06%
Average Funded Account Balance	$400.33	$425.07	6.18%	$569.14	$652	14.56%	62.87%
Effective Opt Out Rates	34.54%	29.25%		29.96%	29.70%
Total Registered Employers	3,500	9,957	184.49%	12,886	14,413	11.85%	311.8%
Total Added Employee Data	2,074	6,349	206.12%	8,236	10,183	23.64%	390.98%
Total Submitting Payroll Deductions	855	3,280	283.63%	4,312	5,929	37.5%	593.45%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers.

Illinois

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	9/30/20	3/31/21	Percent Change 9/30/20-3/31/21	6/30/21	9/30/21	Percent Change 6/30/21-9/30/21	Percent Change 9/30/20-9/30/21
Total Assets	$35,187,947	$55,672,562	58.2%	$67,073,057	$73,682,992	9.85%	109.4%
Total Funded Accounts	71,568	85,355	19.3%	90,403	94,326	4.34%	31.8%
Total Withdrawals	$4,451,422	$8,267,115	85.7%	$10,333,863	$12,700,792	22.9%	185.32%
Accounts with Withdrawals	11,724	15,953	36.1%	17,495	18,984	8.51%	61.92%
Average Deferral Rate	5.02%	5.03%		5.04%	5.05%
Average Monthly Contribution Amount	$96.39	$103.11	7.0%	114.90	$112.96	-1.69%	17.2%
Average Funded Account Balance	$491.67	$652.25	32.7%	741.93	$781.15	5.29%	58.88%
Effective Opt Out Rates	37.12%	35.08%		35.01%	33.55%
Total Registered Employers	5,843	6,100	4.4%	6,060	6,178	1.95%	5.73%
Total Added Employee Data	3,685	4,017	9.0%	4,033	4,120	2.16%	11.8%
Total Submitting Payroll Deductions	2,527	2,806	11.0%	2,837	2,868	1.09%	13.49%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from IL Secure Choice.

Oregon

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	9/30/20	3/31/21	Percent Change 9/30/20-3/31/21	6/30/21	9/30/21	Percent Change 6/30/21-9/30/21	Percent Change 9/30/20-9/30/21
Total Assets	$69,167,837	$99,147,494	43.34%	$118,898,674	$133,535,002	12.31%	93.06%
Total Funded Accounts	74,333	104,709	40.86%	110,047	112,674	2.39%	51.58%
Total Withdrawals	$17,193,138	$24,724,830	43.81%	$28,973,811	$33,942,132	17.15%	97.42%
Accounts with Withdrawals	17,724	22,219	25.36%	24,258	26,496	9.23%	49.49%
Average Deferral Rate	5.35%	5.60%		5.50%	5.50%
Average Monthly Contribution Amount	$136.17	$139	2.08%	$131	$143	9.16%	5.02%
Average Funded Account Balance	$930.51	$947	1.77%	$1,080	$1,185	9.72%	27.35%
Effective Opt Out Rates	33.63%	32.60%		32.2%	32.0%
Total Registered Employers	14,235	16,940	19.0%	16,969	17,021	0.31%	19.57%
Total Added Employee Data	11,584	14,606	26.09%	14,820	14,889	0.47%	28.53%
Total Submitting Payroll Deductions	6,038	7,291	20.75%	7,549	7,677	1.70%	27.14%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from OregonSaves.

Quarterly Cumulative State Program Performance Metrics (CA, IL, and OR)

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	9/30/20	3/31/21	Percent Change 9/30/20- 3/31/21	6/30/21	9/30/21	Percent Change 6/30/21- 9/30/21	Percent Change 9/30/20- 9/30/21
Total Assets	$115,382,510	$209,576,628	82%	$276,086,362	$333,363,377	21%	189%
Total Funded Accounts	173,445	318,882	84%	358,785	400,622	12%	131%
Total Registered Employers	23,578	32,997	40%	35,915	37,612	5%	60%
Total Added Employee Data	17,343	24,972	44%	27,089	29,192	8%	68%
Total Submitting Payroll Deductions	9,420	13,377	42%	14,698	16,474	12%	75%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves.

Semi-Annual and Annual State Program Performance Metrics (CA, IL, and OR)

	9/30/20	3/31/21	Percent Change 9/30/20-3/31/21	9/30/21	Percent Change 3/31/21-9/30/21	Percent Change 9/30/20-9/30/21
Total Assets	$115,382,510	$209,576,628	81.6%	$333,363,377	59.1%	188.9%
Total Funded Accounts	173,445	318,882	83.9%	400,622	25.6%	131%
Total Registered Employers	23,578	32,997	39.9%	37,612	14.0%	59.5%
Total Added Employee Data	17,343	24,972	44.0%	29,192	16.9%	68.3%
Total Submitting Payroll Deductions	9,420	13,377	42.0%	16,474	23.2%	74.9%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from *CalSavers, IL Secure Choice*, and *OregonSaves*.

Annual State Program Performance Data & Trends

Individual State Program Performance Data, December 2019-December 2020

OregonSaves

Illinois Secure Choice

CalSavers

3-State Comparison of Program Performance, December 2019-December 2020
(OregonSaves, Illinois Secure Choice, and CalSavers)